Mortgage industry trainer Ron Vainberg, president of Ron Vainberg International, has shared some tips on raising profits in a slow sales environment. So reports TheMReport.
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Rate lock volumes slid 8.9% in the month of August to their lowest level since December 2019, Black Knight’s Originations Market Monitor report finds.
Purchase locks fell 8.7%, while rate/term refis tumbled 13.9% and cash-outs dropped 8.7%, according to Black Knight.
“Mortgage originators continue to feel the effects of interest rate and affordability challenges,” Scott Happ, president of Black Knight division Optimal Blue, a division of Black Knight, said in a statement.
